Split Billing: Crucial for Connectivity Management Platforms in Automotive Sector

Over the last few years, the demand for seamless connectivity has grown exponentially in the automotive sector. With the rise of connected cars and the integration of various IoT devices, the automotive sector faces the challenge of managing and monetizing connectivity effectively. This is where connectivity management platforms (CMPs) play a crucial role, and among the key components that contribute to their success, split billing stands out as a pivotal feature.

What is a Connectivity Management Platform (CMP)?

Before delving into split billing, let’s understand what CMPs are and how they have evolved. CMPs are centralized systems that facilitate the management, control and monetization of data connectivity services in connected vehicles. These platforms empower automotive manufacturers and service providers to offer innovative connected services to drivers and passengers while efficiently managing data consumption.

As seen in the chart below, CMP is a component of wider IoT platforms that include a Device Management Platform (DMP), Analytics Platform and Applications Enablement Platform (AEP). Together, these platforms power large-scale IoT applications.Iot platforms - Split billing

Many connectivity management platforms integrate split billing functionality to cater to the diverse billing requirements of multiple stakeholders in the IoT ecosystem and the automotive industry in particular. Currently, there are many CMPs, such as Cisco, Aeris, Cubic Telecom and Wireless Logic, which have the capability to provide split billing.

Challenges in Connectivity Management for Automotive:

In the past, vehicle connectivity was predominantly limited to basic telematics services and hence the split billing was not so much of a concern. However, the rapid advancement of technology has transformed the automotive landscape. Today, connected cars are equipped with sophisticated infotainment systems, navigation tools, real-time diagnostics, and a multitude of sensors that enhance safety, convenience, and the overall driving experience. In the future, the need for connectivity in cars would be very different with autonomous vehicles and V2X communication.

2022 was a pivotal year for connected cars. According to Counterpoint Research analysis, connected cars surpassed 50% of car sales for the first time with the US, Europe and China as the key markets.

Global connected car penetration by key regions

As vehicles become more connected, the complexity of managing connectivity increases. This gives rise to various difficulties for the automotive, including:

  • Data Consumption: Connected vehicles generate a vast amount of data, which can quickly lead to exorbitant costs if not managed efficiently.
  • Billing and Monetization: With multiple stakeholders involved, such as vehicle manufacturers, network operators, and content providers, it becomes challenging to accurately bill and monetize data usage.
  • Personalized Services: Consumers expect personalized services tailored to their preferences, but delivering such services without incurring excessive data charges can be tricky.
  • Data Security and Privacy: As vehicles become data hubs, ensuring robust security and privacy measures becomes paramount.

The Role of Split Billing:

In the context of Internet of Things (IoT) connectivity for automobiles, split billing refers to a billing mechanism that allows for the separation and allocation of data usage costs between different entities involved in the IoT ecosystem. This concept is particularly relevant when multiple parties share the data consumption and connectivity expenses of an IoT-enabled vehicle.

In an automobile scenario, various components may require internet connectivity for different purposes:

  • Vehicle Manufacturer: The automobile manufacturer may require connectivity for software updates, diagnostics, and data collection to improve its products and services.
  • Car Owner/Driver: The car owner or driver may need connectivity for infotainment, navigation, and other personalized services.
  • Third-party Service Providers: External service providers, such as insurance companies or fleet management firms, might offer specific services that rely on the vehicle’s connectivity.

Split billing allows the data usage and associated costs to be divided among these parties based on their usage patterns and requirements. For example:

  • The car manufacturer might cover the data costs for vehicle diagnostics and software updates, as it benefits the development and maintenance of its product.
  • The car owner would be responsible for the data costs associated with personal usage, such as infotainment and navigation.
  • Third-party service providers may bear the expenses related to the specific services they offer through the vehicle’s connectivity.

This approach helps create a fair and transparent billing structure, where each stakeholder pays only for the services they consume, rather than a single entity covering all data costs.

What does split billing mean for CMPs?

For CMPs, split billing refers to a specific functionality or feature that allows the platform to support the allocation and management of data usage costs among multiple parties or stakeholders in the IoT ecosystem. This functionality enables CMPs to handle billing and cost-sharing for IoT connectivity services efficiently. The chart below summaries the key aspects and functionalities related to split billing in CMPs.Split billing features in connectivity management platformsOverall, split billing functionality in a CMP streamlines the financial aspects of IoT deployments, encourages collaboration between different entities, and ensures that each party pays only for the specific services they utilize, making IoT implementations more transparent and cost-effective.

In conclusion, the evolution of CMPs for split billing has been driven by the increasing complexity of connected services, advancements in data analytics and technology, and the growing demands for personalized billing and improved customer experiences. As the IoT landscape continues to evolve, CMPs will play an increasingly vital role in managing data connectivity and enabling fair and accurate billing for the multitude of services offered in the connected world.

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Connected Car Sales Grew 12% YoY in 2022 With Volkswagen Group in Lead

  • Volkswagen Group led in connected car sales, closely followed by Toyota Group.
  • 4G cars captured more than 95% of connected car sales in 2022.
  • Tesla broke into the top-10 connected car sales rankings for the first time.

New Delhi, London, San Diego, Buenos Aires, Hong Kong, Beijing, Seoul – April 24, 2023

Global connected car sales* grew 12% YoY in 2022 with the share of connected cars in the overall car sales exceeding 50%, according to the latest research from Counterpoint’s Smart Automotive Service. The US remained the strongest market for connected cars followed by China and Europe. These three markets accounted for nearly 80% of the total connected car sales globally in 2022. Despite having a relatively small share of connected car sales, Japan experienced the highest growth in connected car penetration.

Commenting on the market dynamics, Research Analyst Abhilash Gupta said, “The penetration of connectivity in cars improved during 2022 after struggling in 2020 and 2021. In 2022, new facelift versions of older models like the Honda Civic, Toyota Corolla, Ford Escape and Chevrolet Equinox were introduced with upgraded 4G connectivity and new features. Some prominent features include remote lock/unlock, remote engine start/stop, climate control, vehicle status, location tracking, geofencing, emergency assistance, in-cabin music, video streaming, and over-the-air updates. Next-generation vehicles are being introduced with various connected and autonomous features that require high-speed internet access available through 5G. However, as of now, 5G remains a niche, available only in premium cars like the Ford F-150 Lightning, Cadillac LYRIQ, Mercedes-Benz EQS, Audi e-tron GT, BMW iX and GWM Haval HG.”

CC Penetration by regions_2022_Counterpoint

Gupta added, “With consumers’ focus shifting to connectivity in the car, non-connected car shipments are steadily declining. The top five automotive groups accounted for nearly half of the connected cars sold in 2022. Volkswagen Group led the charts in terms of connected car sales volume, closely followed by Toyota Group. Tesla broke into the top 10 for the first time.”CC Sales Share by group_2022_Counterpoint

Commenting on the market outlook, Senior Analyst Soumen Mandal said, “The shift towards digitization in cars is increasing at a rapid pace and is visible in the consistent rise of connected car penetration globally. Currently, 4G dominates the connected car market with almost 95% share. But as the automotive market is transitioning towards electrification, software-defined vehicles and autonomy, the need for seamless and faster in-vehicle connectivity will be fulfilled through 5G. By 2030, more than 90% of connected cars sold will have embedded 5G connectivity. Connected car sales are expected to grow at a CAGR of 13% between 2022 and 2030.”

* Sales here refer to wholesale figures, i.e. deliveries out of factories by respective brands, and consider only passenger cars with embedded connectivity.

The comprehensive and in-depth ‘Global Connected Car Tracker, Q1 2019-Q4 2022’ and ‘Global Connected Car Forecast, 2019-2030F’ are now available for purchase at

Feel free to reach us at for questions regarding our latest research and insights.

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Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media, and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

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Connected Vehicle 2022 Summit: From ADAS to Autonomous Mobility, Here are Some Key Takeaways

India’s Connected Vehicle event is back offline after two years. Held in Bengaluru from May 4 to May 6, the event saw attendance from the chipset, NAD module, telematics, cybersecurity and mapping domains, besides regulatory bodies and communication service providers within the connected and autonomous vehicles ecosystem. Analysts from Counterpoint Research were also present. Here are their key takeaways from the sessions held at the event.

Connected, Autonomous, Shared, Electric and Smart Mobility

India is lagging in connected car penetration (17%) compared to the global market (43%). However, the country is also preparing for a shift towards smart electric mobility and focussing on local manufacturing. Such events will help Indian ecosystem players to remain updated on the latest in the field around the world and prepare themselves for the coming transformation.

5G Automotive Association, Tata Elxsi, Dell and what3words participated in this session and discussed the need for C-V2X technology for better communication, opportunities for ecosystem players from connected mobility, a paradigm shift from hardware to software-centric approach and a unique mapping solution that uses three keywords.

India Automotive Market Driver Counterpoint
Source: Counterpoint Research Smart Automotive Services, 2022

Shifting Future of Automotive Industry to Top Gear with Connected Mobility

The rising demand for safety and comfort features is helping to increase connected car penetration. We expect more than 70% of cars will be connected by 2025 in the global market and one in four cars will have 5G connectivity. However, connectivity penetration will be lower than 40% in India by 2025.

This session mainly focussed on safety during driving, challenges in handling data generated from vehicles, creating actionable insights from telemetry data, and collaborative effort among OEMs and Tier-1 suppliers to make this transition smooth. Intel, Zeliot, VE Commercial Vehicles and Danlaw shared their understanding of this transition.

Driving Towards Connected, Secure, Autonomous & Electric Mobility

In the future, cars will be driven by software. We have already witnessed smartphone players such as Foxconn and Xiaomi entering this market. Data will be the new fuel and nearly 30% of the automotive market value will come from software and services. Moreover, electronic content in a car will rise with increasing smart electric mobility penetration.

According to Counterpoint’s latest research, India’s automotive electronics market will triple by 2027, driven by rising income levels and increasing customer preference for in-vehicle digital experience.

Collaborative efforts of all ecosystem players, whether OEMs, Tier-1 suppliers, regulatory bodies, system integrators or service providers, are important for a successful transition. The Indian government is also working to come up with AIS189 and AIS190 standards for connected vehicle security. Continental and Bosch share the same view on this topic and think a collaborative effort will be the key to connected mobility success in India. Secure Things highlighted how our vehicles are becoming more prone to safety issues and hacking. Both hardware and software level security will be required as preventive measures.

Emerging Technologies – Riding the Next Wave of Connected & Autonomous Mobility

Connected mobility is undergoing dramatic changes. Earlier, we used to connect smartphones to a car via Bluetooth or cable. Today, most cars come with embedded connectivity. In the future, cars will be able to communicate with other vehicles, pedestrians, networks, infrastructure, grid and home.

The upcoming connected and autonomous era will induce a huge influx of data for which substantial storage will be required. We expect Level 4 cars will require more than 1TB of data storage by 2025. Moreover, 30% of cars sold globally will support Level 2 or above. Western Digital is working on automotive storage products. It believes that one day storage will be a key feature at the time of selecting a vehicle. During this session, Bosch introduced Mobility Cloud Platform and Mobility Marketplace. This platform can support other IoT applications such as industrial and enterprise.

Download the full analysis from event sessions below:

ADAS – A Game Changer for Safe and Autonomous Driving

MG Motors introduced ADAS in India for the first time back in 2019 through its L1 SUV Hector. Even as ADAS technology is rapidly gaining acceptance in the global market, India is not that far behind. Currently, L2+ autonomy is being offered in most premium vehicles. With the changing landscape of vehicle architecture, the incorporation of ADAS will be easier and more cost-effective.

Windriver and Hexagon showed how the changing vehicle architecture will benefit system integration and deployment of autonomy. While Windriver has expertise in test and analysis of vehicle architecture and software and ADAS system, Hexagon helps deploy autonomy across sectors and platforms by blending the digital and physical worlds. Hexagon uses ML algorithms to create a simulation through well-captured surround photos. The simulation helps understand how a situation will look with automation, and also increases the accuracy of the automated process.

Shaping the Future of Mobility with IoT, Connectivity & Sustainability

The mobility roadmap is hugely dependent on connectivity. OEMs are constantly innovating to make the journey more pleasurable with better IVI system, better navigation, CV2X and ultimately autonomy, which will not be possible if a proper vehicular connection is not established. According to our research, global cellular IoT module shipments are expected to cross 1.2 billion units by 2030 with a CAGR of 12%. 5G will be the fastest-growing (60%) technology, followed by 4G Cat 1 bis, during 2022-2030. Among cellular IoT modules, global NAD module shipments are expected to reach 80 million by 2025, growing at 14% CAGR from 2021, with one out of every five connected cars projected to have embedded 5G connectivity by then.

Leading frontline companies like Cavli Wireless and MediaTek have shared some details about how they plan to increase connectivity across the automotive industry. As the future bets on autonomy, connectivity benefits are not just limited to in-vehicle internet browsing and autonomy but also extend to vehicle accident prevention, better navigation, precise tracking and more. In short, increased connectivity will enable a sustainable digital ecosystem that, if used properly, holds immense development potential.

Intelligent Transportation System to Promote Safety & Improve Mobility

Increased vehicle connectivity has made transportation safer, more reliable and timelier. Along with changing architecture and increased integration of improved software, the addition of newer technologies is becoming easier.

Intellicar, Skoda, and IBM took the stage to showcase how intelligent transport solutions could tackle some of the general and critical issues of the industry. Intellicar has a solution line from hardware and firmware customization to a low-latency data directory. Skoda showed how intelligent systems can reduce road accidents. IBM provided a global overview and discussed its strength as a software developer and system integrator.

Protecting Software-defined Vehicles with Cybersecurity Solutions

With the increased use of software and internet, present-day cars are no less than a computer and like every other computer, cars are also exposed to cyber threats like malware. If the system used in vehicles is not properly protected, a lot of damage can happen, including loss of life. Therefore, strong and effective anti-virus protection with an improved firewall is much required.

Escrypt, a cyber threat protection company, was of the view that vehicle data safety could be ensured through blockchain-based communication systems, smart gateways, cyber digital twin, AI-based detectors and other encryption systems.

Charting the Future of Connected Mobility with Automotive Telematics

The growing automotive sector holds a lot of potential for the development of new and smart technologies. The transition from conventional vehicles to EVs is also paving the road toward a sustainable connected future. Technologies that were limited to certain fields earlier are finding their way into the expanding automotive space. The use of security systems, blockchain, data tokenization and other platform-based and protocol-based technologies and services is penetrating the automotive space, making the sector more flexible, versatile and user-friendly.

India Automotive Market Counterpoint
Source: Counterpoint Research Smart Automotive Services, 2022

Market Outlook

Emerging technologies such as ADAS/AD, in-vehicle connectivity, upgraded cybersecurity for the software-defined vehicles, electric vehicles and connected vehicles are taking centre stage as the automotive industry undergoes a paradigm shift. The automotive supply chain is dynamically changing as well, with OEMs making huge investments and starting to adopt digital services to remain future-proof and not cede revenue monetizing opportunities to technology companies. Apart from traditional auto OEMs, the involvement of non-automotive tech companies has been increasing in this space. The future of the automotive sector will be heavily dependent on digital technology. Due to traditional auto OEMs’ lack of expertise in digitalization, non-automotive companies are partnering with them to secure a market share in this growing space.

Related Reports:

Automotive NAD Module Market Sees Slow Growth in Q3 2021 Due to Tight Supply Chain

  • Rolling Wireless led the cellular NAD module market, capturing nearly 30% revenue share.
  • Qualcomm maintained its dominant position in NAD connectivity.
  • Focus and demand for 5G C-V2X integrated modules rising.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – January 6, 2021

Global automotive NAD (network access device) module revenue remained flat sequentially in Q3 2021, according to the latest research from Counterpoint’s Global Automotive NAD Module and Chipset Tracker. However, the revenue grew 25% YoY due to rising shipments of 5G and 4G Other cellular technology supported modules. NAD modules perform similar functions in terms of connectivity as IoT modules except that they are designed, optimized and configured for automotive-grade applications. Being traditionally embedded in the Telematics Control Unit (TCU), NAD modules help with network access and communication of relevant telemetry data, based on which the TCU can perform safety and convenience related actions. They also help in fleet management applications. We could see the evolution of the NAD module deployment in the car with the evolution of vehicle architecture with broader connectivity (e.g., 5G V2X), autonomous capability (ADAS L3+) and electrification.

In terms of regional demand, China contributed to one-fourth of the global NAD module shipments during Q3 2021. Europe and North America’s contribution remained steady due to a greater proportion of embedded cellular connectivity. Emerging markets such as India and Brazil are the next big high-growth markets for NAD modules in the coming years.

Commenting on the market dynamics, Research Analyst Soumen Mandal said, “Rolling Wireless, LG and Continental were the top three NAD module vendors globally in Q3 2021 in terms of revenue. These three brands captured two-thirds of the total market revenue.

Rolling Wireless has maintained a good relationship with leading automakers such as Volkswagen, Stellantis, Toyota and Geely. Currently, Rolling Wireless leads in the 4G NAD module segment. The company has recently launched its first 5G NAD module, RN91xx, developed on the Qualcomm Snapdragon Automotive 5G Platform. This solution is expected to help Rolling Wireless expand in North America, Europe, China and Japan, the regions which see the most connected car purchases and are also ahead in terms of 5G infrastructure.

LG (LG Electronics and LG Innotek combined) witnessed a 28% YoY growth in terms of revenue in Q3 2021. Global presence, strong partnerships with automakers and superior product quality will help LG improve performance further and increase its share in the global NAD module market.

Continental has cemented its position in this market with a strong presence in North America and Europe with marquee customers such as Volkswagen, Daimler, BMW and Ford. The company is looking to ramp up its portfolio with 5G C-V2X modules and strike key partnerships and initial customer wins to capture the 5G connected car market.

Traditional module players such as Quectel and SIMCom have also launched 5G-supported automotive-grade modules. If these vendors are successful in attracting international Tier I suppliers or automakers with their low-cost business model and broader scale in the IoT module market, they could strongly challenge the pure automotive-grade module suppliers such as Rolling Wireless and Titan.”

Global Automotive NAD Module Revenue Share by Module Vendor, Q3 2021

NAD Module Market Counterpoint
Source: Counterpoint Global Automotive NAD Module and Chipset Tracker, Q3 2021

The ongoing chip shortage and supply chain tightness in the automotive sector is negatively impacting the NAD module demand from Tier I suppliers and OEMs. For example, automakers Renault and Nissan were forced to leave out features such as navigation system from their vehicles to mitigate the chip shortage. Currently, the automotive industry is working with a tight supply chain. This situation is expected to improve by the end of this year after the new capacity additions of matured technology nodes at both foundry and integrated device manufacturers (IDMs).

Commenting on the automotive NAD module market outlook, Vice-president Research Neil Shah said, “Automotive NAD module shipments will grow by more than two times between 2020 and 2025. The rising demand for safety and connected features will help this market grow with a CAGR of 18% during 2021-2025.

4G is expected to remain a dominant cellular technology in the global automotive NAD module market, but the share of 5G modules will grow fast after 2023. The higher average selling price (ASP) and semiconductor shortages aren’t helping quicker 5G adoption in the near term, as estimated a year ago. Having said that, 5G will be the key technology for the future of connected and autonomous cars.

As a result, Qualcomm will continue to dominate the automotive embedded connectivity market and further expand with synergies for its automotive focus with the Snapdragon Digital Chassis platform. This platform includes software and semiconductor solutions for ADAS, connectivity and digital cockpit applications.

Upcoming players such as Autotalks are targeting DSRC- and C-V2X-based applications and gaining some traction among NAD module vendors, though players such as MediaTek, UNISOC and Samsung are still less focused on this multi-billion dollar segment.”

For detailed research, refer to the following reports available for subscribing clients and individual subscription:

Counterpoint tracks and forecasts on a quarterly basis 25+ NAD module vendors’ shipments, revenues and ASP performance across 10+ chipset players, and major geographies.


Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

 Analyst Contacts:

Soumen Mandal

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Neil Shah

The Branding Source: New logo: Twitter  

Counterpoint Research

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Global Cellular IoT Module Shipments up 50% YoY in Q1 2021 as Demand for 5G, LTE-Cat 1 Modules Soars

  • Quectel and Qualcomm maintained their top positions in the cellular IoT module vendor and chipset player market shares, respectively.
  • Automotive, router/CPE and industrial are the top three applications in terms of revenue.
  • 5G captured nearly 20% share of the IoT module revenues during this quarter.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – June 23, 2021

Global cellular IoT module shipments increased by 50% YoY and 11% QoQ during Q1 2021, according to the latest research by Counterpoint’s Global Cellular IoT Module, Chipset and Application Tracker. The market made a tremendous comeback during the quarter as the COVID-19 pandemic was under control globally in that period. Europe, North America and Japan registered healthy growth annually while Latin America was the only region that did not grow in terms of revenue during Q1 2021. China maintained its lead across geographies with a growing demand for cellular IoT modules.

Commenting on the market dynamics, Research Analyst Soumen Mandal noted, “Quectel continues to lead the global cellular IoT module vendor rankings in terms of volume and revenue. The Shanghai-based vendor saw its shipments and revenues climb 67% and 78% respectively during the quarter. Thales continued to maintain its second position. 5G revenues increased by more than 80% QoQ, which helped Thales decrease the gap with top-ranked Quectel and maintain the gap with Fibocom. The third-largest module vendor, Fibocom, is expanding globally beyond China with a strong focus on telematics, router and PC segments. We can expect strong competition between Fibocom and Thales in coming quarters for the second position in terms of revenue share.”

Exhibit 1: Global Cellular IoT Module Revenue Share by Vendor, Q1 2021

Cellular IoT Module Market Q1 2021 Counterpoint
Source: Counterpoint Global Cellular IoT Module, Chipset and Application Tracker, Q1 2021

Mandal added, “Some of the leading incumbents such as Telit and Sierra Wireless continue to stay focused on specific Western markets, applications and expanding their services revenue. Both Telit and Sierra have divested their automotive businesses. Sierra’s automotive module business was acquired last year by a consortium of investors led by Fibocom to form Rolling Wireless, which quickly grew to become the fifth largest cellular IoT module vendor globally, serving high-ASP automotive applications. The rising contracts with leading automakers like Volkswagen, Audi, Porsche, Renault-Nissan and Stellantis, and scaling up of operations with a lower cost and higher quality are helping Rolling Wireless increase market share.”

The following exhibit showcases the competitive dynamics for IoT module vendors across different geographies, with a good divide between Western and Eastern markets. These dynamics are a function of the vendor’s IoT application focus, breadth and depth of portfolio, channel partnerships, certification across operators and the quality of FAE (Field Application Engineers) force in the respective regions.

Exhibit 2: Global Cellular IoT Module Vendor Shipment Rankings by Key Geographies, Q1 2021

Global Cellular IoT Module Market Q1 2021 Counterpoint
Source: Counterpoint Regional Cellular IoT Module, Chipset and Application Tracker, Q1 2021

Commenting on the cellular IoT module chipset supplier landscape, Vice President Research Neil Shah noted, “While modules based on LPWA technologies such as NB-IoT and LTE-M continued to grow above the market average, LTE-Cat 1 and 5G became the fastest-growing cellular technologies in the IoT space this quarter. This adoption has helped Qualcomm strengthen its dominant position further to capture almost half of the market in terms of volume, offering different types of cellular IoT chipset solutions to these module vendors.”

Shah added, “Other notable vendors making strides in this market are Shanghai-based ASR Microelectronics, and Unisoc with growing design wins in the 4G Cat 1 segment. French chipset manufacturer Sequans is also in a growth mode with a robust 4G broadband, 4G Cat-1, LPWA, and 5G chipset and module portfolio. This should drive significant competition in the fast-growing LTE Cat-1 segment with the ASP of these modules falling below $10. MediaTek is expected to improve its share over 4G Cat 4, 4G Cat other and 5G technology. As IoT applications and project implementations are increasing, more chipset players are entering this space. GCT Semiconductor and XINYI Semi are the latest entrants in this segment. It will be interesting to see whether these new entrants are able to strike partnerships with larger module vendors to grow further.”

Currently, Counterpoint is tracking and forecasting 65+ IoT module vendors’ shipments, revenue performance across 12+ chipset players, and 18+ IoT applications across 10 major geographies on a quarterly basis, with a forecast up to 2025.

Full reports are available for subscribing clients through the following links:


Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts:

Soumen Mandal

The Branding Source: New logo: Twitter

Neil Shah

The Branding Source: New logo: Twitter  

Counterpoint Research

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